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SAS 145 - Risk Assessment
SAS 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, was issued in October 2021. This audit standard amends AU-C 315, making many changes to address common audit deficiencies. This course will provide an overview of SAS 145 and its changes to AU-C 315.
Upon completing this course, learners will be able to:
- Identify changes to AU-C 315
- Recognize key components of the new risk assessment standard